Mandate
Setup in 1967, TCP acted as a public sector trade house for exporting of agriculture
and consumer goods and import of essential commodities under the specific directives
of the Government. However in January, 1995 the Federal Cabinet assigned the following
new role to TCP:-
A. Imports:
- Essential commodities in emergent condition as in the past;
- Soyabean Oil in future PL-480 Programme and CC Credit;
- Palm Oil from Malaysia under Malaysian credit;
IV. Import of Industrial raw materials and other selected bulk items.
B. Exports:
- Export of selected items Produced by public sector corporations, agencies, etc.
- Utilization of export credits offered by the Government of Pakistan to other countries
(commonwealth of independent States (CIS)/Central Asian Republics (CAR)/Malaysia,
African Countries, etc)
- To undertake and develp export of fresh fruits/vegetables and minerals in collaboration
with and on partnership basis with the private sector.
C. Counter Trade:
- To undertake counter trade with designated countries.
D. Procurement of Lint cotton:
- TCP undertakes lint cotton procurement operation on Government direction for stabilizing
cotton prices.
E. Inspection of Brown Rice Exported to European Countries:
After the meager of Rice Export Corporation of Pakistan with TCP, the corporation
is also carrying out inspection of Brown Rice meant for export to European Countries
this is being done since August 2002.
F. Import of Urea:
TCP also import urea to meet the domestic shortages. The Procurement activity starts
well head of the swing season and is carried out under Government Direction..
G. Miscellaneous:
TCP undertakes market operations through purchases (both at home & abroad) and
off-loading (both at home & abroad) of some other critical commodities such
as wheat, pulses other grains etc.